Long Term Unemployment Rate in the United States increased to 2.59 percent in February from 2.51 percent in January of 2021. source: U.S. Bureau of Labor Statistics

Long Term Unemployment Rate in the United States averaged 1 percent from 1948 until 2021, reaching an all time high of 4.40 percent in April of 2010 and a record low of 0.08 percent in May of 1953. This page provides the latest reported value for - United States Long Term Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Long Term Unemployment Rate - values, historical data and charts - was last updated on April of 2021.

Long Term Unemployment Rate in the United States is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in the United States to stand at 2.20 in 12 months time. In the long-term, the United States Long Term Unemployment Rate is projected to trend around 1.20 percent in 2022, according to our econometric models.

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United States Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.59 2.51 4.40 0.08 1948 - 2021 percent Monthly

United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.00 6.20 14.80 2.50 percent [+]
Non Farm Payrolls 916.00 468.00 4846.00 -20679.00 Thousand [+]
Nonfarm Payrolls Private 780.00 558.00 4807.00 -19731.00 Thousand [+]
Government Payrolls 136.00 -90.00 517.00 -948.00 Thousand [+]
Manufacturing Payrolls 53.00 18.00 655.00 -1715.00 Thousand [+]
Initial Jobless Claims 576.00 769.00 6149.00 162.00 Thousand [+]
Continuing Jobless Claims 3731.00 3727.00 23128.00 988.00 Thousand [+]
ADP Employment Change 517.00 176.00 4350.00 -19392.00 Thousand [+]
Employed Persons 150848.00 150239.00 158735.00 57172.00 Thousand [+]
Unemployed Persons 9710.00 9972.00 23109.00 1596.00 Thousand [+]
Average Hourly Earnings -0.10 0.30 4.60 -1.30 percent [+]
Average Weekly Hours 34.90 34.60 34.90 33.70 Hours [+]
Labor Force Participation Rate 61.50 61.40 67.30 58.10 percent [+]
Long Term Unemployment Rate 2.59 2.51 4.40 0.08 percent [+]
Youth Unemployment Rate 11.10 10.90 27.40 4.80 percent [+]
Labour Costs 116.42 114.74 117.68 17.00 points [+]
Productivity 111.09 112.29 112.29 25.99 points [+]
Job Vacancies 7151.00 7080.00 7784.00 2157.00 Thousand [+]
Job Offers 7367.00 7099.00 7574.00 2232.00 Thousand [+]
Challenger Job Cuts 30603.00 34531.00 671129.00 15100.00 Persons [+]
Wages 25.21 25.19 25.21 2.50 USD/Hour [+]
Wages in Manufacturing 23.29 23.20 23.29 1.27 USD/Hour [+]
Wage Growth -0.01 1.02 13.78 -6.64 percent [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.70 0.50 2.00 0.20 percent [+]
Population 329.48 328.33 329.48 76.09 Million [+]
Retirement Age Women 66.00 66.00 66.00 66.00 [+]
Retirement Age Men 66.00 66.00 66.00 66.00 [+]
Employment Rate 57.80 57.60 64.70 51.30 percent [+]
Full Time Employment 125803.00 124868.00 131755.00 64640.00 Thousand [+]
Pandemic Unemployment Assistance Claims 131.98 152.42 1352.29 32.08 Thousand [+]
Part Time Employment 25078.00 25109.00 28134.00 10086.00 Thousand [+]
Jobless Claims 4-week Average 683.00 730.25 5301.25 179.00 Thousand [+]


United States Long Term Unemployment Rate
Long Term Unemployment Rate in the United States refers to the unemployment rate for a period longer than 27 weeks.